Most of The Bond Buyer’s yield indexes declined this week, as the municipal market grew firmer over the past several sessions in the last full week of activity prior to the Thanksgiving holiday.

“It seems a combination of January reinvestment flows and the whole roll-down of the yield curve has been on many peoples’ minds, and also the steepening of the yield curve that comes along with that,” said Michael Pietronico, chief executive officer at Miller Tabak Asset Management. “Shorter maturities have done extraordinarily well this week, in terms of seeing good investor demand.

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